17 days old

Investment Associate, Wealth Management

Northern Trust
Chicago, IL 60602
  • Job Code

As an Investment Associate in Northern Trust Wealth Management's investment practice you will work with Portfolio Managers (PMs) on a Chicago-based Wealth Advisory team serving high net-worth private clients. You will perform a broad range of administrative and portfolio-management support functions aimed at delivering high-quality, pro-active client service and investment execution for numerous client relationships.

The support functions include preparing and coordinating portfolio-review and presentation materials used in client meetings, researching and responding to service requests and administrative inquiries in a timely manner, communicating follow-up and outcomes effectively to internal staff and clients, resolving operational issues, tracking securities trade activity, and actively monitoring and updating compliance and account documentation.

This role is critical to our clients' service experience and the right candidate understands the importance of accuracy and timeliness in daily workflows.

The Investment Associate takes on the following key responsibilities:

Assists in the preparation of portfolio reviews, performance reports and market-outlook presentation material for client meetings and client communication. Takes ownership of timely and thorough material completion, oftentimes for multiple family relationships under tight deadlines.

Performs a range of operational and administrative functions aimed at supporting PMs book of business. Addresses internal and external service requests diligently.

Takes ownership of all compliance-related functions and follow-up procedures. Consults with PMs on action items and communicates with clients to address documentation requirements, including investment-objective confirmation forms and investment-responsibility letters.

When opportune, participates in client meetings with PMs and other members of the client-service team, including trust advisors, private bankers and/or wealth planners. Develops a clear understanding of client-specific needs, preferences and expectations.

Monitors PMs' books of business in their absence and takes follow-up steps as appropriate. Assists in special projects and team assignments as requested.

Develops fluency in Northern Trust's holistic "Goals Driven Wealth Management" (GDWM) financial-planning and portfolio-modeling methodology and deliverables. Assists in client-specific GDWM data gathering and processing, and virtual-meeting set-up and delivery.

Develops a thorough understanding of Northern Trust's investment philosophy, investment platform, asset-allocation strategy and investment fulfillment vehicles. Develops an ability to articulate and present market developments effectively.

Experience Candidates for this position should have:

A foundational understanding of financial markets and market trends, and passion for investments and investing. Knowledge of investment products, services and terminology, usually obtained through prior experience or academic studies, are imperative.

Strong oral and written presentation skills

Strong analytical, organizational and problem-solving skills

Highly preferred: undergraduate degree in finance, economics or business or equivalent relevant work experience

Preferred: a minimum of 1 year of investment-focused experience or client-service experience in the financial-services industry

Proficiency in MS Office suite of product, with advanced fluency in Excel and PowerPoint

Preferred: candidates pursuing the CFA, CFP, or similar professional designation, or pursuing an advanced degree (M.B.A.).

Career Path
The Investment Associate is expected to grow into roles of Associate Portfolio Manager and subsequently Portfolio Manager over time.

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:

Gender Equality Index Member, Bloomberg

Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and apply today.

Additional Information

Posted: 2021-09-11 Expires: 2021-10-10
Sponsored by:
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Sponsored by:
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Investment Associate, Wealth Management

Northern Trust
Chicago, IL 60602

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